-
C++ Programming for Financial Engineering
Highly recommended by thousands of MFE students. Covers essential C++ topics with applications to financial engineering. Learn more Join!Python for Finance with Intro to Data Science
Gain practical understanding of Python to read, understand, and write professional Python code for your first day on the job. Learn more Join!An Intuition-Based Options Primer for FE
Ideal for entry level positions interviews and graduate studies, specializing in options trading arbitrage and options valuation models. Learn more Join!
Question regarding major
- Thread starter Lukee
- Start date
- Joined
- 2/7/08
- Messages
- 3,261
- Points
- 123
Throw away the economics courses -- waste of time. Nothing wrong with applied math but make sure you get a year of real analysis, one semester of ODEs, and at least one semester of PDEs. Two semesters of statistics. A course in probability.
- Joined
- 10/29/21
- Messages
- 389
- Points
- 303
Macro-eco is always important for building good models, you can take economics as well.
And because your target is Trading, not pure research, economics becomes more important.
You don’t want to be sitting at the back running analysis while someone else is taking part in strategy development. Understanding how FED’s rate hikes and the CPI data might mess up with your strategies is key especially during these times.
Economics will be required to understand the ghost patterns as well and if you want a career ỉn Portfolio management.
Good luck
And because your target is Trading, not pure research, economics becomes more important.
You don’t want to be sitting at the back running analysis while someone else is taking part in strategy development. Understanding how FED’s rate hikes and the CPI data might mess up with your strategies is key especially during these times.
Economics will be required to understand the ghost patterns as well and if you want a career ỉn Portfolio management.
Good luck
- Joined
- 12/13/22
- Messages
- 134
- Points
- 38
Thank you, I appreciate itMacro-eco is always important for building good models, you can take economics as well.
And because your target is Trading, not pure research, economics becomes more important.
You don’t want to be sitting at the back running analysis while someone else is taking part in strategy development. Understanding how FED’s rate hikes and the CPI data might mess up with your strategies is key especially during these times.
Economics will be required to understand the ghost patterns as well and if you want a career ỉn Portfolio management.
Good luck
- Joined
- 12/21/20
- Messages
- 64
- Points
- 28
I think applied math + cs is probably best but applied math + econ is fine too. However, I don't think you should be picking your major based on if its "sufficient for MFE", especially considering you're a freshman at a US school already and want to to go into Quant Trading and not Research (the value for MFE for me personally at least was extra GPA padding + an internship opportunity at a US firm + CPT/OPT sponsorship, but based on your circumstances you don't seem to need CPT/OPT and have plenty of time in your undergrad to load up progressively better internships year after year -> directly going into trading fresh out of grad). MFEs in recent years tend to place more into the research roles than S&T (several MFE career reports over the years show a shift from S&T into research over the past 10 years), and firms like JS generally avoid MFEs for QT and hire new grads primarily from their undergrad intern pipelines.
